Panaya deal, new CEO, guidance: Analyst views on Infosys Q2 results

Contrary to expectation, Infosys remained did not name a new chief executive officer (CEO) and gave a clean chit to former CEO, Vishal Sikka on Panaya deal

The Infosys stock ended 0.8 per cent higher at Rs 934 levels on Wednesday, reacting to its September quarter numbers announced after trading hours a day earlier. While the financial performance during the quarter met analysts’ expectations, a cut in FY18 guidance surprised some.

The IT major reaffirmed the previous findings of external investigations pertaining to the Panaya acquisition and said there was no merit to allegations of any wrongdoing in the same.

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